Can a billionaire solve the student debt crisis one loan at a time?

Billionaire Robert Smith pledged to pay off some $40 million in student loans for Morehouse College’s class of 2019, which includes nearly 400 students. Morehouse students are elated, and the story has exploded on social media. But could Smith’s donation do more harm than good?

Support KCRW — your daily lifeline.

KCRW stands by our mission to serve our community in all the ways we can during this difficult time. We are here to provide you with local news, public health information, music for your spirit, and cultural connection. Stay up to date and sign-up for our newsletters. And, If at this time you are in a position to support our efforts, please consider making a donation.